Retirement System’s Rehearing Bid In Align Stock-Drop Suit Denied

(August 30, 2022, 9:14 AM EDT) -- SAN FRANCISCO — Without providing detail, a Ninth Circuit U.S. Court of Appeals panel on Aug. 15 denied a retirement system’s petition for rehearing or hearing en banc in an appeal of a securities class action alleging that medical device maker Align Technology Inc. and certain of its senior executives failed to disclose that the company was experiencing a significant drop in financial growth in sales of its most important product in the Chinese market....